Home Sales for the Cambridge Association of REALTORS® numbered 146 units in December 2015, down 3.3 per cent from December 2014.

On an annual basis, home sales rose 8.7 per cent year-over-year to 3,321 in 2015. This was the best year on record.

The average price for homes sold in December 2015 was $349,557, up 9.1 per cent from December 2014. The annual average price was $339,785 in 2015, an increase of 4.2 per cent from 2014.

The dollar value of all home sales in December 2015 was $51 million, up 5.5 per cent on a year-over-year basis. For all of 2015 dollar volume totalled $1.1 billion, an increase of 13.3 per cent and the first time in history that the dollar volume measure has surpassed $1 billion in a single year.

New residential listings decreased 4.6 per cent on a year-over-year basis to 166 units in December 2015. There were 5,326 new listings in all of 2015, an increase of 1.2 per cent from the year before.

There were 735 active residential listings on the Association’s MLS® System at the end of December, down 32 per cent from December 2014.